The VAV BOX market is majorly driven by the growing construction activities,
particularly commercial buildings in the emerging countries of APAC. The global
market size is estimated at USD 4.7 billion in 2019 and is projected to reach
USD 6.4 billion by 2024, at a CAGR of 6.3%, between 2019 and 2024.
Browse 77
market data Tables and 47 Figures spread through 132 Pages and
in-depth TOC on "Variable
Air Volume Box Market”.
Commercial building is projected to
be the fastest-growing application of VAV box during the forecast period.
Commercial building is projected to
be the fastest-growing application of VAV box during the forecast period. The
usage VAV box with a VAV system ensure the energy efficiency of the overall
system. VAV systems are used in almost every commercial buildings, including
mega structures, conventions centers, shopping malls, and others. Offices,
hospitality, warehouse, and retail are the major users of VAV systems in the
commercial building segment. Thus, the expected growth of these sectors within
commercial building will drive the VAV box market during the forecast period.
North America is estimated to be the
largest VAV box market during the forecast period.
North America is projected to be the largest VAV box market during the forecast period. Increasing construction spending in private and public sectors across the North American region is expected to boost the demand for HVAC systems, thus driving the market for VAV box. The major private and public sectors which are witnessing growth in construction activities are residential building, offices, production facilities, and others. The presence of major VAV system manufacturers such as United Technologies Corporation (US), Johnson Controls (US), and Honeywell International Ltd. (US) is also expected to drive the VAV box market in the region.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=73066784
Ingersoll Rand PLC (Ireland) is one of the major players of the VAV BOX market. It is one
of the leading companies providing air solutions for homes and buildings,
transportation and protection solutions for food and perishables and solutions
to increase the industrial productivity and efficiency. The company operates
through two business segments, namely, climate and industrial which offers
products under the brand names - Club Car, Ingersoll Rand, Thermo King, and
Trane. The company provides VAV products through its brand name Trane which
falls under its climate business segment. Trane manufactures and markets
heating and air ventilation equipment that helps in optimizing indoor
environments. Ingersoll-Rand markets and sales its products through different
subsidiaries and distributors in more than 100 countries globally.
Johnson Controls (US) is one of the leading players in the VAV BOX market. Johnson
Controls is a diversified and multinational company focused towards developing
energy solutions, integrated infrastructure and transportation systems. The
company operates through two business segments, namely, building technologies
& solutions and power solutions. It provides VAV terminal units through its
building technologies & solutions business segment under the brand names
Titus, Krueger, Tuttle & Bailey and Enviro-Tec. The company’s building
technologies & solutions segment provides equipment for building automation
& controls, refrigerator, and security systems for buildings. The company
has a strong geographical foothold with presence in 2000 locations worldwide
which caters the demand of its customers through more than 700 branch offices
in 150 countries globally.
Read More Information At https://www.marketsandmarkets.com/ResearchInsight/variable-air-volume-box-market.asp
About MarketsandMarkets™
MarketsandMarkets™ provides
quantified B2B research on 30,000 high growth niche opportunities/threats which
will impact 70% to 80% of worldwide companies’ revenues. Currently servicing
7500 customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
Comments
Post a Comment